SOLL.TO vs. FBTC.TO
SOLL.TO (Purpose Solana ETF Currency Hedged Units) and FBTC.TO (Fidelity Advantage Bitcoin ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, SOLL.TO returned -56.21% vs -37.95% for FBTC.TO. Their correlation of 0.85 suggests significant overlap in exposure. SOLL.TO charges 1.00%/yr vs 0.40%/yr for FBTC.TO.
Performance
SOLL.TO vs. FBTC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SOLL.TO achieves a -42.41% return, which is significantly lower than FBTC.TO's -24.39% return.
SOLL.TO
- 1D
- -4.68%
- 1M
- -14.73%
- YTD
- -42.41%
- 6M
- -50.32%
- 1Y
- -56.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBTC.TO
- 1D
- -2.22%
- 1M
- -16.83%
- YTD
- -24.39%
- 6M
- -30.03%
- 1Y
- -37.95%
- 3Y*
- 34.59%
- 5Y*
- —
- 10Y*
- —
SOLL.TO vs. FBTC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLL.TO Purpose Solana ETF Currency Hedged Units | -42.41% | -7.64% |
FBTC.TO Fidelity Advantage Bitcoin ETF | -24.39% | 2.40% |
Correlation
The correlation between SOLL.TO and FBTC.TO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2025 | 0.85 |
The correlation between SOLL.TO and FBTC.TO has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
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Return for Risk
SOLL.TO vs. FBTC.TO — Risk / Return Rank
SOLL.TO
FBTC.TO
SOLL.TO vs. FBTC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Solana ETF Currency Hedged Units (SOLL.TO) and Fidelity Advantage Bitcoin ETF (FBTC.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SOLL.TO | FBTC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.86 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.76 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.24 | -1.30 | +0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SOLL.TO | FBTC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.78 | -0.89 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.61 | 0.08 | -0.69 |
Drawdowns
SOLL.TO vs. FBTC.TO - Drawdown Comparison
The maximum SOLL.TO drawdown since its inception was -71.52%, roughly equal to the maximum FBTC.TO drawdown of -70.77%. Use the drawdown chart below to compare losses from any high point for SOLL.TO and FBTC.TO.
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Drawdown Indicators
| SOLL.TO | FBTC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.52% | -70.77% | -0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -71.52% | -50.22% | -21.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.22% | — |
Current DrawdownCurrent decline from peak | -71.52% | -48.38% | -23.14% |
Average DrawdownAverage peak-to-trough decline | -34.60% | -30.94% | -3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.19% | 29.18% | +16.01% |
Volatility
SOLL.TO vs. FBTC.TO - Volatility Comparison
Purpose Solana ETF Currency Hedged Units (SOLL.TO) has a higher volatility of 16.48% compared to Fidelity Advantage Bitcoin ETF (FBTC.TO) at 9.72%. This indicates that SOLL.TO's price experiences larger fluctuations and is considered to be riskier than FBTC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOLL.TO | FBTC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.48% | 9.72% | +6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 50.24% | 33.63% | +16.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.62% | 42.84% | +29.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.16% | 52.37% | +18.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.16% | 52.37% | +18.79% |
SOLL.TO vs. FBTC.TO - Expense Ratio Comparison
SOLL.TO has a 1.00% expense ratio, which is higher than FBTC.TO's 0.40% expense ratio.
Dividends
SOLL.TO vs. FBTC.TO - Dividend Comparison
Neither SOLL.TO nor FBTC.TO has paid dividends to shareholders.
Frequently Asked Questions
SOLL.TO and FBTC.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FBTC.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FBTC.TO is cheaper with a 0.40% expense ratio, compared with 1.00% for SOLL.TO.
They also come from different issuers: Purpose Investments and Fidelity. Their fees differ too: 1.00% for SOLL.TO and 0.40% for FBTC.TO.
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